
Episode #7
Unsecured Credit Is Coming Onchain | Benjamin and Weso, Cap β S2 E7
Benjamin Sarquis Peillard, founder and CEO of Cap, argues DeFi yield has been circular from the start. Bitcoin-backed lending, basis trading, inflationary tokens: on his read, the returns come from crypto paying crypto. Cap connects onchain capital to the productive economy through unsecured credit, the largest credit market in the world, and one DeFi has never been able to touch. Recorded live at the RWA Summit in Cannes for Season 2 of DeFi Drip, Benjamin and Cap CTO Weso break down the three-sided market behind insured private credit, how institutions are borrowing onchain without posting collateral, and how tokenized RWAs can become the next underwriting asset. IN THIS EPISODE Cap's three-sided market: depositors bring dollars, institutions borrow unsecured, underwriters post collateral and pick the borrower How regulated asset managers can become distribution channels What's the borrow demand for unsecured credit onchain How onchain underwriting is faster than a traditional credit committee Why retail should never underwrite institutions directly What secures unsecured borrowing, and the role RWAs can play Composability as the hardest concept to explain to traditional finance STAY CONNECTED WITH CENTRIFUGE Website β https://centrifuge.io Blog β https://centrifuge.io/blog X (Twitter) β https://x.com/centrifuge LinkedIn β https://linkedin.com/company/centrifugehq Newsletter β https://share.hsforms.com/19j_mbuUsTiyf84HcIsndswnup3o






